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Lender Survey: Share Your Thoughts and Enter to Win Minnesota Housing Swag!
We want your help in shaping the future of Minnesota Housing’s homeownership programs, and we’ll thank you for your input by offering you the chance to win some awesome Minnesota Housing swag!
Take just 10 minutes to complete our lender survey to share your thoughts on what we’re doing well and what we could do better. Your responses are anonymous, and play an important role in helping us improve your experience with Minnesota Housing.
At the end of the survey, you’ll find a link to enter our drawing for Minnesota Housing swag* (no purchase necessary and the odds of winning depend on the total number of entries).
- Survey closes: October 22, 2025
- Winner notified: November 12, 2025
We encourage you to forward this message to others in your office, as everyone’s perspective is important. Thanks for helping us make Minnesota Housing even better!
*Each estimated prize value is $100 and five (5) drawings will be held. There is no purchase necessary to enter and the odds of winning depend upon the total number of entries.
Document Updates Effective Today
Start Up Loan Program Affidavit (formerly known as Borrower Affidavit) effective for loans locked on or after October 1, 2025.
The Start Up Loan Program Affidavit is a required document. The revised document contains the following changes:
- An occupying non-borrowing spouse, occupying co-signer and any other occupant who will be on title will be required to attest to and sign the affidavit along with the Borrower(s).
- Updated signature page
The Start Up Loan Program Affidavit has been updated in the Lender Toolkit, the Forms Guide and Glossary and the commitment system.
The following documents are effective for loans locked on or after October 1, 2025.
An assignment of mortgage (AOM) is required for all Minnesota Housing subordinate liens.
NEW! Optional Assignment of Mortgage Cover Letter: Settlement Agent Instructions
The new Assignment of Mortgage Cover Letter: Settlement Agent Instructions document is a resource available to aid lenders and settlement agents in properly executing and recording required steps for the assignment of Minnesota Housing downpayment and closing cost loans. This document has been added to the Lender Toolkit, the Forms Guide and Glossary and the commitment system.
NEW! Assignment of Minnesota Housing Subordinate Mortgage
We have created an assignment of mortgage document that is available for your use. The Assignment of Minnesota Housing Subordinate Mortgage is located on page two of the AOM Cover Letter. A fillable PDF was also added to the Forms Guide and Glossary.
An AOM is required for all Minnesota Housing subordinate liens. You must use one of the following assignment forms:
- Assignment of Minnesota Housing Subordinate Mortgage form
- Lender's own industry-standard assignment of mortgage
- Minnesota Department of Commerce Assignment of Mortgage by Business Entity
Updated! Mortgage Loan Programs Assignment of Mortgage and Endorsement of Note Guidance
Updated! Best practices of second mortgages
Required Forms Summary - Start Up
The Required Forms Summary - Start Up summarizes the required Minnesota Housing forms a borrower must sign at closing. The Required Forms Summary was updated to reflect the name change of the Start Up Loan Program Affidavit, formerly known as the Borrower Affidavit.
Checklists for Start Up and Step Up
We removed the Borrower Affidavit and added the Start Up Loan Program Affidavit to the following checklists:
- All Start Up: Conventional, FHA, RD, VA
The optional Assignment of Mortgage Cover Letter: Settlement Agent Instructions has been added to the following checklists:
- Start Up: Conventional with DPL/DPL+ and Conventional with MPL
- Start Up: FHA with DPL/DPL+ and FHA with MPL
- Start Up: RD with DPL/DPL+ and RD with MPL
- Start Up: VA with DPL/DPL+ and VA with MPL
- Step Up: Conventional with MPL
- Step Up: FHA with MPL
- Step Up: RD with MPL
- Step Up: VA with MPL
The Lender Toolkit, Forms Guide and Glossary and commitment system reflect the updated checklists.
Importance of True & Certify
Avoid loan purchase delays by completing the True & Certify process as soon as your loan has closed. Completing this step before the lock expires will prevent the loan from expiring. The information in Minnesota Housing's commitment system must match the closed loan file, so it is important to verify the information in our system is correct before completing the True & Certify.
Review the file information, including:
- Minnesota Housing program eligibility income and loan qualifying income
- AUS findings match commitment system
- Product and/or program are accurate for first and second mortgage, if applicable
- Property value and loan amounts
- Loan officer name and NMLS# are listed
- All borrower and co-signers are listed correctly
Once all information has been verified, check the box to complete the True & Certify process. Upload the closed loan file for both the commitment system and U.S. Bank Home Mortgage - HFA Division within 48 hours of certifying the loan.
Need a refresher? See the demo on True & Certify.
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Upcoming Training Opportunity - Register Today!
Thursday, October 23
9-10:30 a.m.
Do you want to boost your knowledge of Minnesota Housing's Fix Up home improvement loan program? Or do you want to learn how Fix Up can help you serve more clients? This training is designed both for new Fix Up lenders and experienced lenders wanting a refresher, as well as curious lenders who don't yet offer Fix Up. This webinar will cover key features of the program, borrower and property eligibility, and permanent home improvements eligible for Fix Up financing.
Monthly Update & Hot Topics Call
The Monthly Update & Hot Topics Call is open for everyone to attend. During these calls we review recent Minnesota Housing updates and important information to help you originate and process our loans. Lenders are welcome to submit questions or topics to discuss on the call. This is a great venue to have more in-depth discussion on advance topics.
Register for the 2025 calls.
When you register, you will be signed up for all sessions in the series but can attend the sessions that work for you. Most calls occur on the second Thursday of the month from 9-10 a.m. Central time.
2025 Schedule:
- October 9
- November 13
- December 11
Questions?
You can reach the Partner Solutions Team at 651.296.8215 or 800.710.8871 between 8 a.m. and 5 p.m. on business days.
About Minnesota Housing
Minnesota Housing, the state’s housing finance agency, works to provide access to safe, stable and accessible housing Minnesotans can afford in a community of their choice. In 2024, we distributed $1.96 billion in resources and served 73,650 households. Visit our website to learn more.
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